Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. Using OCR: the benefits for your business.

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

CIO Business Intelligence

JUNE 26, 2023

IBM is acquiring software provider Apptio for $4.6 billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. Cloud cost management and optimization is the biggest pain point of enterprises.

Optimization 87

Optimization Cost-Benefit IT Consulting 87

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 78

Strategy Business Objectives Cost-Benefit Consulting 78

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. Without it, organizations incur a significant opportunity cost.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

JUNE 20, 2023

Assets are the lifeblood of any successful business—from software programs tailored to meet an enterprise’s unique needs to a pipeline that stretches across oceans. Here’s what you need to know in order to build a successful strategy. What is an asset? Companies use assets to create value.

Strategy 76

Strategy Management Cost-Benefit IoT 76

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Many small businesses are investing in AI-driven financial management software. Planning out an expansion.

Software 90

Software Finance Cost-Benefit Data-driven 90

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design?

Strategy 98

Strategy Cost-Benefit Optimization Modeling 98

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. This illustrates the benefits of combining big data and lean thinking.

Data-driven 125

Data-driven Optimization Big Data Data Strategy 125

Smart Data Collective

DECEMBER 13, 2021

E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

CIO Business Intelligence

OCTOBER 16, 2023

At Huawei’s cloud data center in Langfang, the AI-based iCooling solution automatically optimizes energy efficiency, reducing the Power Usage Effectiveness (PUE) by 8% to 15%. Chang’an Automobile, with Huawei’s help, has built a software test factory powered by AI. They’ve improved compilation tenfold and product delivery by 30%.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. There are many great benefits of using data analytics to improve financial management strategies. However, there are equally important but often overlooked benefits of using data analytics in finance.

Data Analytics 118

Data Analytics Optimization Analytics Cost-Benefit 118

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5

IT 110

IT Cost-Benefit Insurance Unstructured Data 110

IBM Big Data Hub

JULY 25, 2023

A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. Software and analytics: Smart grids generate massive amounts of data.

Optimization 60

Optimization Technology Measurement Cost-Benefit 60

Smart Data Collective

JANUARY 27, 2022

Research has shown that companies with big data strategies are 19 times more likely to become profitable. Unfortunately, some businesses have made poor decisions when instituting a data strategy. You are going to need to come up with an IT budget that is geared towards making the most of your big data strategy.

Optimization 107

Optimization IT Big Data Cost-Benefit 107

datapine

APRIL 13, 2021

Starting with its definition, following with the benefits of agency reports, a list of tools, and a set of agency dashboard examples. Your Chance: Want to test a powerful agency analytics software? Explore our 14 days free trial & benefit from interactive agency reports! Benefits Of A Modern Agency Report.

Dashboards 256

Dashboards Reporting Analytics Cost-Benefit 256

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 61

Cost-Benefit Finance Optimization Key Performance Indicator 61

CIO Business Intelligence

JANUARY 17, 2023

In almost every case, there’s an increased need for data insight and technology-enabled agility to reaffirm technology’s position at the center of investment strategy in order to achieve organizational growth. Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. Not necessarily.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

CIO Business Intelligence

FEBRUARY 28, 2024

However, a transformative technology known as Software-Defined Wide Area Network (SD-WAN) is making significant waves in India and globally. The technology allows for dynamic rerouting of traffic, prioritization of critical applications, and performance-based routing to optimize network efficiency.

Cost-Benefit 98

Cost-Benefit Digital Transformation ROI Strategy 98

Smart Data Collective

JUNE 3, 2022

Product Designers have been around longer than UX Designers and are often considered the guardians of the product, since they are responsible for relevant, cost-effective, and functional products. In other words, they are responsible for ensuring that the product created is optimized exclusively for the user. Who is a UX Designer?

Optimization 103

Optimization Cost-Benefit Testing Data-driven 103

AWS Big Data

APRIL 25, 2024

However, as data volumes continue to grow, optimizing data layout and organization becomes crucial for efficient querying and analysis. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

Optimization 65

Optimization Data Lake Cost-Benefit Reporting 65

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Strategy 68

Strategy Cost-Benefit Consulting Data-driven 68

Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. You also need to optimize it. It’s not just about buying computers and software. How to Optimize IT Budgeting?

Data-driven 107

Data-driven IT Cost-Benefit Big Data 107

CIO Business Intelligence

NOVEMBER 28, 2023

Even with the benefits of cloud, there’s a reason that over 70 % of Fortune 500 companies’ data is stored on the mainframe. Wholesale moves off of the mainframe are fraught with risk and ever-increasing costs, but the analytical capabilities of the cloud are full of opportunity and potential for innovation, fueled by AI and ML algorithms.

Digital Transformation 119

Digital Transformation Cost-Benefit Strategy Optimization 119

CIO Business Intelligence

AUGUST 1, 2022

Without an overall strategy for modernization, companies risk mismanaging their edge-to-cloud data efforts, either overprovisioning, which incurs unnecessary costs, or underprovisioning, which impedes their ability to fully deliver for customers or hit key business goals. For more information, visit [link]. Data Center

Strategy 98

Strategy Cost-Benefit Risk Management 98

Smart Data Collective

NOVEMBER 12, 2021

To address newer challenges, security providers have developed new technologies and strategies to combat evolving threats. To get acquainted with the ways security firms are handling the new breed of threats in cyberspace, here’s a rundown of the notable strategies the leading cybersecurity platforms and security firms are offering.

Strategy 133

Strategy Enterprise Testing Cost-Benefit 133

CIO Business Intelligence

JULY 13, 2022

The result of years of consolidation, the sprawling facility was the home of more than 40 networks, different virtualization platforms and hypervisor levels, nearly 10,000 virtual machines, 585 servers, and a massive collection of legacy software. Electricity cost more than $500,000 per year, and many of the legacy systems were problematic.

Software 105

Software Cost-Benefit Optimization Data Processing 105

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. FinOps is part of the equation, but from a CIO perspective, you need a top-down view that starts with the strategy before you talk about the components of it,” McMasters says.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

Smart Data Collective

MARCH 3, 2022

Companies use big data to optimize their marketing strategies, maintain better relationships with their customers, manage their financial strategies and improve human resources capabilities. What is the difference between an in-house and outsourced data management strategy?

Strategy 113

Strategy Management Cost-Benefit Data Processing 113

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! What Is A Performance Report?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

OCTOBER 5, 2023

As today’s digital-centric landscape continues to evolve at an unprecedented pace, software agility, and speed-to-market are critical to long-term success and revenue growth for any business. But all too often, an unintended consequence of this enthusiasm is uncontrolled tool sprawl.

IT 124

IT Cost-Benefit Software Digital Transformation 124

AWS Big Data

MARCH 12, 2024

Our commitment to efficiency is unwavering, and we’ve undertaken an exciting initiative to optimize our batch processing jobs. We share our strategy for the adoption of EMR Serverless in areas where it excels. For example, Adaptive Query Execution in Spark 3 brings significant performance and cost improvements.

Cost-Benefit 88

Cost-Benefit Optimization Big Data Metrics 88

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134